Interesting rebound spot seen in previous chart

2018년 3월 26일

While the beat coin is showing a further decline, this time we will move on to a fairly similar candle pattern from the previous cycle and compare it once.
Please note the red candle pattern inside the square

1. Price increase
2. Convergence, Rise
3. Double Top
4. Price decline, Fibonacci rebound at 78.6%.


This time we will see a smaller cycle in the current chart, which is proceeding quite similarly.
Let's put in a red candle pattern that we moved in a big cycle.




1. Price increase
2. Convergence, Price Rise
3. Record the two highest Price ( Double Top )
4. Decline in progress.
We need to watch whether it will rebound at 78.6%
( Price of about $7600 )like last time.


I took a look at the small cycle based on the large cycle of the previous chart. In addition, we need to look at whether auxiliary indicators are similar to the previous chart.

If my analysis was helpful or fun, I would appreciate your suggestions. :)